Argo Blockchain (ARBK) Operating Expenses (2021 - 2025)

Argo Blockchain (ARBK) posted Operating Expenses of -$6.7 million for Q2 2025, up 22.87% sequentially from -$8.7 million in Q3 2024, and down 15.25% YoY from -$7.9 million in Q2 2024.

Argo Blockchain (ARBK) Operating Expenses (2021 - 2025) Analysis & Trends

Argo Blockchain has reported Operating Expenses for 5 years, with the latest figure at -$6.7 million in Q2 2025.

  • Quarterly Operating Expenses fell 15.25% year-over-year to -$6.7 million in Q2 2025, while the trailing twelve-month figure through Dec 2025 was -$15.4 million (up 12.85% YoY) and the FY2025 annual result came in at $11.0 million, down 11.85% from the prior year.
  • Operating Expenses improved to -$6.7 million in Q2 2025 per ARBK's latest filing, from -$8.7 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $12.0 million in Q4 2021 and troughed at -$23.2 million in Q3 2022.
  • A 5-year average of -$7.6 million and a median of -$6.7 million in 2025 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses slumped 277.8% in 2022, then jumped 52.83% in 2023.
  • Over 5 years, Operating Expenses stood at $12.0 million in 2021, then plunged by 277.8% to -$21.3 million in 2022, then surged by 48.63% to -$10.9 million in 2023, then rose by 20.67% to -$8.7 million in 2024, then increased by 22.87% to -$6.7 million in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods registered -$6.7 million, -$8.7 million, and -$5.8 million for Q2 2025, Q3 2024, and Q2 2024 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 338.83 Bn 205.30 Bn - 13.90 Bn
2 Goldman Sachs 316.34 Bn -660.01 Bn - 11.67 Bn
3 Schwab Charles 220.55 Bn 135.80 Bn - 3.29 Bn
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 734.00 Mn
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn 81.75 Mn
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - 381.00 Mn
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - 4.67 Bn
10 Argo Blockchain 6.32 Bn 6.32 Bn - -

Historic Data

Download Data
DateValue
Jun 30, 2025 -6.70 Mn
Sep 30, 2024 -8.68 Mn
Jun 30, 2024 -5.81 Mn
Mar 31, 2024 -3.15 Mn
Sep 30, 2023 -10.94 Mn
Jun 30, 2023 -7.86 Mn
Mar 31, 2023 -3.56 Mn
Dec 31, 2022 -21.30 Mn
Sep 30, 2022 -23.20 Mn
Jun 30, 2022 -11.65 Mn
Mar 31, 2022 -4.17 Mn
Dec 31, 2021 11.98 Mn
Jun 30, 2021 -3.20 Mn